Suppose the null hypothesis is not rejected. State the conclusion based on the results of the test. Three years ago, the mean price of a single-family home was $243,712. A real estate broker believes that the mean price has increased since then. Which of the following is the correct conclusion? A. There is not sufficient evidence to conclude that the mean price of a single-family home has not changed. B. There is not sufficient evidence to conclude that the mean price of a single-family home has increased. OC. There is sufficient evidence to conclude that the mean price of a single-family home has not changed. OD. There is sufficient evidence to conclude that the mean price of a single-family home has increased.

Glencoe Algebra 1, Student Edition, 9780079039897, 0079039898, 2018
18th Edition
ISBN:9780079039897
Author:Carter
Publisher:Carter
Chapter10: Statistics
Section10.3: Measures Of Spread
Problem 8PPS
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Suppose the null hypothesis is not rejected. State the conclusion based on the results of the test.
Three years ago, the mean price of a single-family home was $243,712. A real estate broker believes that the mean price has increased since then.
Which of the following is the correct conclusion?
A. There is not sufficient evidence to conclude that the mean price of a single-family home has not changed.
B. There is not sufficient evidence to conclude that the mean price of a single-family home has increased.
C. There is sufficient evidence to conclude that the mean price of a single-family home has not changed.
D. There is sufficient evidence to conclude that the mean price of a single-family home has increased.
Transcribed Image Text:Suppose the null hypothesis is not rejected. State the conclusion based on the results of the test. Three years ago, the mean price of a single-family home was $243,712. A real estate broker believes that the mean price has increased since then. Which of the following is the correct conclusion? A. There is not sufficient evidence to conclude that the mean price of a single-family home has not changed. B. There is not sufficient evidence to conclude that the mean price of a single-family home has increased. C. There is sufficient evidence to conclude that the mean price of a single-family home has not changed. D. There is sufficient evidence to conclude that the mean price of a single-family home has increased.
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